https://www.bridgemi.com/guest-commentary/opinion-nestle-wat...
The county they're in has high unemployment and they make the case that it's all about the jobs they're creating.
What do you imagine a fair price would be for untreated, pump-it-yourself groundwater?
http://www.detroitmi.gov/Portals/0/docs/DWSD/Water%20Rate%20...
This is just a permit to draw water from a well, not a municipal drinking water supply. I suspect that (other than the permit fee) they aren't paying anything for the water. (I had a look at the permit & didn't see anything there about payments).
I suspect the value of untreated groundwater in Michigan is very, very small.
> there doesn't appear that Nestlé would be providing a service in the interests of society at large.
What about jobs? What about the people who want to buy bottled water? Why don't the workers and consumers count as "society at large"?
Note: I personally think most people who buy bottled water are foolish (unless the local tap water is unsafe or unpalatable), but then people do a lot of things I think are foolish.
Overall there is a growing sense in the U.S. that public assets are being sold off at below market rates. That corporate interests trump public interests. There's a lack of trust in the system. The overreaction, as you put it, here seems to me to be a symptom of what I think is a growing lack of trust in the system.